If you are keeping in mind the 1hr for your trading direction, you will avoid those “fake” setups most of the time.
Also, just looking at your chart, I can see that London open brought a large amount of buyers. But on the other hand there is only ONE candle showing weakness. (far left of the second blue square).
You can also see that once that weakness was shown, [I][B]price still was able to float up above it on medium volume…that’s not continuing to show sell pressure at higher prices[/B][/I]. Remember to watch the REACTION to high volume points to confirm them.
As far as you first square, that’s life…there weren’t any major signs of weakness, so we just wait.
Pandras buddy, you are on a mission! Keep it up!